The pair USD/JPY is likely to fall in price. Estimated pivot point is at a level of 107.23.
Main scenario: short positions will be relevant from corrections below the level of 107.23 with a target of 104.00 – 103.00.
Alternative scenario: breakout and consolidation above the level of 107.23 will allow the pair to continue the rise up to the levels of 107.67 – 108.43.
Analysis: Supposedly, a large correction has stopped forming on the daily time frame in the form of wave (B) of senior level and wave (С) has started forming. Supposedly, the third wave 3 of (C)…
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